Bitwise CIO sees NEAR generating $45M from Intents this year

Bitwise CIO Matt Hougan said NEAR Protocol is already delivering business results through its cross-chain transaction service Intents and could see additional upside if the AI agent market grows. In a post on X, Hougan said Intents' cumulative transaction volume has surpassed $30 billion and is expected to generate about $45 million in fee revenue this year. Hougan added some of that revenue will be used for token buybacks. Hougan also said NEAR is preparing for the AI agent market by building high-throughput and cross-chain capabilities, as well as private AI infrastructure, and remains competitive on its existing businesses, including Intents, even if AI agents do not grow as much as expected.